403(b) Tax Sheltered Annuity Plan (TSA)

As a benefit to its employees, Ione School District sponsors a supplemental, tax-advantaged, retirement savings program. Such plans are called 403(b) Plans or Tax Sheltered Annuity Plans or simply TSA Plans.Click Here to learn more.

Which Optional Features Does the District Allow in its 403(b) Plan?

403(b) Optional features are either included in, or excluded from, the Plan, as specified below and as further described in the parenthetically referenced sections in the Plan Document for Ione School District R2. These options are listed here in abstract for convenient reference:

Catch-ups under the Plan

15 Years-of-Service Catch-up Elective Deferral Contributions:Yes

Age 50 Catch-up Elective Deferral Contributions:Yes

Contributions to the Plan

Direct Rollovers Into the Plan:Yes

Employer Contributions Allowed:Yes

Employer Post Severance Contributions Allowed:Yes

Exchanges Within the Plan:Yes

Roth Contributions:No

Other Plan Transactions

Hardship Distributions:Yes

In-service Distributions After Age 59-1/2:Yes

In-service Distributions From Rollover Accounts:Yes

Loans:Yes

Permissive Service Credit Transfers:Yes

Plan-to-Plan Transfers To the Plan:Yes

Plan-to-Plan Transfers From the Plan:Yes

CCC's Relationship with Ione

CCC serves as the third party administrator (TPA) of the 403(b) Tax-Sheltered Annuity Plan (TSA) for Ione on a contractual basis, which began on 12/9/2008. Ione is a Full-Service CCC Client. CCC is the primary point of contact for any questions concerning the Ione 403(b) Plan, please contact us with any questions.

Other Useful Links

Click on this link to review additional websites that CCC has found to be useful for various purposes. We welcome recommendations for additional websites to include on this Useful Links page. Learn More

Am I Eligible To Participate? How Much Can I Contribute?

Please review the Eligibility and Limits Announcement for a full description of the employees eligible to participate and the contribution limits that apply.
Ione does not require any minimum monthly contribution amount.

403(b)Transaction Information

A transaction's availability may be limited by IRS guidelines, the optional features in the Ione Plan and/or the underlying investment contract. To learn more about the transactions (including definitions and qualifying events), including how to obtain authorization for a transaction, please click here.

457(b) Deferred Compensation Plan (DCP)

As an additional benefit to its employees, Ione School District sponsors a supplemental, tax-advantaged, retirement savings program authorized by Section 457(b) of the Internal Revenue Code. Such plans are often called 457(b) Plans or Deferred Compensation Plans or simply 457 Plans.Click Here to learn more about this excellent opportunity to better prepare for the financial aspects of retirement.